ViewCast Extends Public Warrant Expiration Date and Reduces Exercise Price

DALLAS (Jan. 23, 2002) - ViewCast Corporation (NASDAQ: VCST & VCSTW), the video communications leader, announced today that its Board of Directors has voted to extend the public and public equivalent common stock purchase warrants to an expiration date of February 3, 2005, from February 3, 2002. Additionally, the Board of Directors has voted to decrease the exercise price of these warrants to $1.00 per share from $4.19 per share beginning on March 1, 2002, until the Warrant Expiration Date. The warrants are redeemable by the company under certain conditions. Approximately 3,900,000 public and public equivalent warrants are outstanding.

"We are pleased to provide a continuing opportunity for future investment in ViewCast to our warrant holders at an attractive exercise price," said George Platt, ViewCast president and CEO. "The extension of the term on the warrants combined with the lower exercise price will continue to provide a potential source of capital for the company."

About Viewcast Corporation

ViewCast develops products and services that provide video networked solutions. ViewCast maximizes the value of video through its core businesses: Osprey® Video provides the streaming media industry's de facto standard capture cards; ViewCast Systems integrates turnkey streaming and video distribution systems; and ViewCast Online Solutions delivers complete B2B solutions and video delivery for online video communications. From streaming digital video on the Internet to distribution of broadcast-quality video throughout the corporate enterprise plus comprehensive "click, create and view" video software applications, ViewCast provides the complete range of video solutions. Visit the company's web sites (http://www.viewcast.com, http://www.ospreyvideo.com and http://www.viewcastonline.com) for more information.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgment on certain issues. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Important factors which could cause actual results to differ materially are described in the Company's reports on Form 10-KSB and 10-QSB on file with the Securities and Exchange Commission.

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